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20130228
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Search Results 0 to 49 of about 60 (some duplicates have been removed)
's beef supply, plus, when only one property owner in 77 blocks pays their taxes, you know your city is in big trouble. detroit looking at default. we've got two top experts that dealt with this kind of thing in the past, and they have some advice for all of the cities in the country that they could learn from detroit's problems. more money coming up. ♪ ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ male announcer ] how could switchgrass in argentina, change engineering in dubai, aluminum production in south africa, and the aerospace industry in the u.s.? at t. rowe price, we unrstand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper avege. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. adam: look at that, a fine looking steak, garlic, pepper, and if you're a beef lover like myself, listen up. anot
. of the people are predicting. gerri: individual markets because i know you have of you in some cities. >> new york city, and that, i have to say, i am totally biased and you should not listen to me at all. is the tree because i make my livelihood here. when i love about new york city and all the cities that are really international cities, there are not that many in the united states, san francisco, l.a. a bit, i love about it is there is always a new population of people moving in. so the japanese lose their yen value and move out, the chinese move in and take their computers of their hands, always someone, whoever is coming in. gerri: to see that more all over the country. all the foreigners buying in florida. so we're starting to see investors coming in the fall cash. foreigners coming in and out of cash. individuals, first-time buyers, people who want to trade up. >> you know who is a person he should be moving even more than a first-time buyer or international person, someone who wants to trade up because if you take less for your home today and get them, this deep discount to you are ah
banking, i'm not an expert citi, but i know about it. there's a barrier to entry for smaller banks, bigger survives becausef dodd frank and basel, basel-- and there are barriers to entry to investment banking and debt diversification. is there a barriers entry in the airline industry? >> and adam, i'm going to stand apart from a the lot of these guys, i don't think that airline ticket prices are that high. i note to gerri's point with the fees and everything you're getting gouged because they can't give you a ticket price and leave it at that and it is, it is cheap to fly in the scheme of things and i just suspect with the mergers, reality is going to start to come home and it won't be as cheap to fly. >> over the past 30 years, airline places came down dramatically after deregulation and got really inexpensive to fly and guess what, the airlines didn't make any money so of course, prices are going up. and i also think that small airlines will start up where routes are being served well, and they'll offer ultra cheap prices and they'll succeed and some will fail. this thing has a cycle to
will ask the ceo of citi mortgage. ashley: whiteout conditions expected to last well into tomorrow. time for stocks now as we do every 15 minutes. nicole petallides is standing by. nicole: last friday we closed out 14,009. that is our highest close in five years. while we are not too far off from that, about 20 points, we would still have a losing week here on wall street. it certainly feels full force here. people are trying to figure out how they will get home later. the tech heavy nasdaq is the best of the bunch. as you noted, with the snow, many places closing their branches. i want to take a look at a one-year chartier on the dow jones financials. inventory of furniture, automotive goods, they will sell by the most we have seen in three years. back to you. melissa: thank you so much. ashley: if you have money, life is good. the luxury real estate market on both coasts is still very hot. more homes selling for $5 million or higher than ever before. new york cash-rich foreign buyers are stealing spots. we are taking a look at two of these markets. sandra smith is in new york, robert g
the spine of every city in america. detroit is broke, bankrupt by any other name. good morning, everyone. detroit has lost control of its money. michigan's governor has 30 days to appoint an emergency manager who will make all financial decisions. two options. the state or the feds pony up some cash, that would be a bailout, or bankruptcy where a court decides who gets what. clearly, for detroit, the game is up. the city couldn't come up with a workable plan of its own for solvency, 14 billion dollars worth of debt and pensions for retired city workers, they're at the heart of the problem. where the ripple effect comes in. countless other cities and states have made promises to their retirees which they cannot keep. we are on it. we're on gas prices, we're looking at stocks near a record high and we're looking at president armageddon. yeah, "varney & company" about to begin. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator...
, by the way, the cleanup was done very quickly and efficiently, and those cities were rebuilt and rebuilt mostly with private money and private charities and local organizations. gerri: right. >> i don't know, why couldn't we do that today? gerri: i have to tell you, we spent some time looking for the requests for fema aid, they just go up, up, up, up, up. it bears no resemblance to really the disasters going on the world, what's going on concern. >> that's right. gerri: it doesn't matter, it's a way to get federal dollars. but when it comes to the national flood insurance program, people pay for their coverage. i'm not against them getting their coverage if they've paid for it, but the reality is the government can't get the money out the door. they do a lousy job. take a look at these numbers. >> okay. gerri: when you talk about resolve sandy-related claim, fema's fulfilled 40-50%, that's all, maybe 50%, maybe not. private companies, 85%. i mean, the difference there is astounding. and when you make the point that maybe we should just turn it over, all of it, to the private insurers, we
organization organizing for america spending out across america to dozens of cities and spreading his message of fear and despair. obama supporters and unions have moved a long way from the themes of hope and change, haven't they. today the head of the national air traffic controllers association predicted major hubs in chicago, houston would be forced to shut down resulting in fewer flights perhaps third fewer flights at major airports. the union warning of significant delays, possible safety hazards including limiting lending options during bad weather all because of the sequester. union president said "if they proceed, these indiscriminate cuts will ultimately result in fewer flights and increased delays, creating a ripple effect that will hurt airlines and pilots and flight attendants, private aviators, passengers and many businesses large and small that depend on a vibrant aviation sector to survive and thrive." that would be the result of a slow reduction in some $44 million in federal spending according to the president and the scare mongers amongst everything from the organized action
on the every word. from the kansas city president, george, and carls, and st. louis president and cleveland fed president, and esther george, the key one to watch. >> now the number two thing to watch, wednesday, we have the commerce department releasing retail sales for january. sales are expected to rise a little bit. auto sales, a key driver in december's move higher. >> a little bit bit. number one thing to watch, initial jobless claims come out thursday, expected to drop by 6,000 from 360,000. claimed dropped by 5,000, less than expected, and the four week moving average fell by 15,000 since the start of the year. there's always revisions that come up. >> living room. -- all right. stay safe. i'm going to dry to drive hem. david, be safe. me liz is is next. melissa: here's what "money" tonight. it's the real estate story, america. housing coming barks, but is it? what are the biggest mistakes that people are making in the market? four industry heavy weights to weigh in. plus, caught red handed. a legal iranian weapons seized in yemen revealing arms sales that could destabilize the region.
but president obama hitting the road to go gaga over spending. launching a 100 city tour eto help local governments tap new spending programs, courtesy of uncle sam. richard benjamin is joining us. and gary, you just think that this is beyond a mixed message? >> it is almost like the obama administration went in a room said, how could we worsen this? how could we make more people mad? we're in a situation, today neil 3 billion-dollars were headed to the deficit, we have a congame with they i sequester coming up, now let's spend more money, sending people out to spend more money in the cities, i feel like i'm watching saturday night live, but unfortunately it is the real world. neil: this is reminding locality city, states what moneys and opportunity are out there v via the federal government. >> this is a case where obama administration is trying to take political dynamics around spending how people view it and use it to their advantage, if you ask in surveys, do you know that government needs to cut spendings, then you ask them, would you support or oppose this being cut, then everyone
to minneapolis. a city that he wants to highlight. its murder rate has fallen 15% over the last five years. they are down 15%, but almost twice the national murder rate. for all of that, president obama spent hours in air force one, was on the ground barely two hours, and then got back on the plane. it cost taxpayers millions of dollars for him to travel for his speech about gun violence. minneapolis with the murder rate nearly twice the national, all of this happening after the president dropped into nevada for a couple of hours. there he delivered a 20 minute campaign speech on immigration. at a cost of more than $1.5 million of taxpayers money. the president claiming broad support for his initiatives of gun control. but he has offered no specific proposals at all. >> we have been able to take some steps of administrative action. real and lasting change also requires congress to do its part and to do it soon. not to wait. the good news is that we are starting to be a consensus emerge about the action that congress needs to take. lou: you have to wonder how safe the communities i were the
. send me an e-mail. finally, loves to talk about new york city mayor michael bloomberg. he is finally, yes, finally getting his state of the study, the last one. and in a speech he made this announcement. >> right now of those arrested for possessing small amounts of marijuana are often held in custody overnight. we're changing that. effective next month, anyone presenting an id and clearing a warrant check will be released directly from the precinct with up appearance ticket to return to court. [applause] it is consistent with the law. it is the right thing to do, and it will allow us to target police resources where they're needed the most. gerri: is that not crazy? at me get it straight. if you're found smoking pot you get the same punishment in the city is if you have a large soda? something is wrong with that. that's my "2 cents more." coming uponday, the market is closed for president stake, but we will be here. join us on monday. we will see you then. >> good evening, everybody. while much of the world awakened this morning is anxiously anticipating a close encounter with a 150
fransisco and new york are the two cities in the united states of america that have the greatest barrier to entry. the demand for housing far exceeds the ability of the marketplace to produce that housing. the appreciation is really based upon the inbalance between supply and demand. melissa: uh-huh. new york as well, by zillow thinks it's up half a percent in new york, one of the worst places to buy. >> you can't believe zillow. you really have to -- [laughter] i mean, if you -- if you look at what people said about housing, they said that nobody would buy houses anymore, and it was over. melissa: do you think prices in new york are going up half a percent? >> prices in new york city, and when they take new york, new york state is in effect. new york city, we are back to the prices that we were at the boom. we're at 98% of the value of the homes before the boom. melissa: anything changed? >> financing, much harolder. melissa: you have to have more money? >> yes, and very, very good credit. melissa: what changed? l.a. is an area, i have friends hurt out there, bought their home, collapse
? >> new york city, long island, northern new jersey, the battleground between rain and snow into the evening hours. that will cut the accumulation enough so this is not a devastating storm in new york city. once you get more or abuse, the population will see 15-25 inches of snow. these places will be shot from one-2 feet of snow. the wind gusts will approach hurricane force tonight. that will with the snow into mountainous drifts. this is part of the beginning of the worst of winter for the united states. right now we are basking in the warmth in the warm places. you will see a parade of storms from the carolinas to california. it will impact the country economically. four weeks ago i was saying this will turn around. dagen: i do want to ask you this. just yesterday i got multiple alerts via my cell phone from the national weather service with the blizzard warning. i got a phone call from the local police. i got a phone call from a local lawmaker. i got a phone call from the local power company. that was more than i heard about this storm. before hurricane sandy. frankly, it
for this and they know they will be flying to dozens of cities across eastern seaboard where they will have to change a lot of flights so what they're doing it seems all getting on board and having rebooking waivers. delta among many that are relaxing the rules for these cities, friday, saturday you will be committed to make a one-time change your travel schedule without any extra fees. southwest is on board with that. they don't normally have this type of precompilation anyhow, they're the ones that are pretty good like that. everybody will be able to have their winter weather waivers and be on board with that because as you have been watching the fox business network, there is a storm on the way on the east coast. while you see some of these airlines to the upside, the transports are pulling back. yesterday we saw the fact they were doing better on the idea jet fuel had pulled back a little bit, that is one of their major pops. a mixed bag for this group in particular. dagen: we can skip the american airlines potential merger with u.s. airways, the biggest airline in the world. thank you, nicole. c
and they figured they could help the wings. >> up an incredible story. >> i will tell you something. this is a city that has basically made a lot of money off of chicken wings. are you concerned about the run-on that's? >> obviously, whenever there is a high demand on things from you have to be concerned. the friendly we are delighted. we would be crazy if we want to live with that. but it does put some pressure on now. so that is not going to be a problem this sunday. from a consumer standpoint, it might be many prices have gone up about two or 3% across the system. there are a couple of things that happen. they grow chickens and about 40 or 50 days. >> we love our supplier partners, but we are looking at the demand and supply and then we had the drought and corn prices go up. we refer to chickens as corn with wings. it is directly related to the price of corn. should the super bowl fans be worried that they cannot have their chicken wings? they should not be concerned. it's a tremendous value because the restaurant have an reflectiveness i would guess that the chicken wings with the between two a
businesses for discrimination? more cities and states across the u.s. are saying yes, will it bring mayhem to the job market? and can facebook start doing my taxes? it is getting a $429 million tax refund. can the growing outrage finally sparked corporate tax reform in the u.s.? even when they say this not come it is always about "money." ♪ the cost of a gallon of regular unleaded gas surging 32 days straight. the average price for a gallon of regular gasoline is $3.73 national average, up from $3.29 back on january 17. so how much more pain and drivers expect on the road ahead? let's ask senior petroleum analyst with gasbuddy.com. everybody seems confused, it is not the summer driving season. reports are demand is down and supplies are up, so why are we paying these skyrocketing gasoline prices right now? >> looking at things, we have seen demand co-op from the data i have seen. a lot of it has to do with positive sentiment surrounding the economy, dow jones has one of the best january in years. if the dow has a great january, oil prices likely will follow. that is what we're seeing. ga
,000 laborers in hong kong live like this and even to have the city lives and publicly subsidized rent are still more than they are here in new york city. i am struggling with a lot of facts in that story. tha>> that looks very familiar. >> in new york they tell you it has character and really high ceilings, so it has that. melissa: i cannot even make that up. >> it is layers. levels. melissa: on that note, thanks to both of you. are you working on her oscar predictions for next year? >> i will wait and see what is nominated first. why did he have to touch it at all? melissa: that is all the "money" we have for you, we will see you back here tomorrow. gerri: tonight on "the willis report." congress and the president detached from reality. why aren't they tackling the real issues like record high gas prices. also, presidents radical new plan for schools. >> you have to look at the research very closely to know what works in pre-k. education and what doesn't work. gerri: one of the countries leading educators is here tonight. a routine checkup causing startling the numbers on the cost of health ca
the figures every month on the brokerage units from 5 cities, and i get median prices, shale spending, all kinds of things. the signs point upward in the home field. liz: what are you seeing from shaw carpet, the largest industrial carpet company, a massive housing and development play. >> caller: yeah, whether it's shaw or whether it's in the brick business, it's getting better. it's getting better from a low base, though, liz. we are not remoltly back to where it was in 2005 and six and that period, but it is getting better every month. i can tell you in terms of brick shipments, average prices per -- you name it, the business is getting better. liz: jamie dimon said, quote, housing is totally back, and gold mapp sachs feels the same thing that it's strong. you can't outsource housing, has to be done here in the u.s.. >> caller: yeah. liz: clearly, do you feel the same way? >> caller: it's true. housing, people say, well, construction workers are 4% of the labor force, but it's beyond that. you just named it, whether it's in paint, brick, or carpet, people -- those are not construction w
forecasting for new york city on that one. it is on the rain-snow line the temperature may be a little bit too warm tomorrow to accumulate any of the snow during the daytime. tomorrow night that changes. it will cross over to snow. 7:00 p.m. all snow in boston. entire storm is snow in boston. that is why accumulation there will be so great. new york city, at least according to a lot of models we're looking at, probably not getting below freezing until later tomorrow night that is when the snow significantly accumulates. we're off by 30, 40 miles one direction or the another. there could be snow longer period. that would increase snowfall totals. take a look what at least for now we're forecasting for snowfall totals. a bull's-eye two to three feet west of boston. worcester hills, nash issue waa, new hampshire. a big swath of this getting a foot and a half of snow and 6 to 12 here in new york city. if it gets colder that number could be higher. i don't think it will happen but have a lot of uncertainty for at least in new york city for this time. not uncertain about boston but new york city sti
, the more it gets used, the faster it is replaced. liz: salt, a lot of cities and municipalities have gone to other types of -- being from california it is a little hard for me to -- i reach for the words, different sand, for example. which one causes the most erosion for your products? >> well, i think salt by itself is the most caustic to the landscapes and to concrete. i think that's probably the more difficult, but frankly it's one of the areas that creates the most safety for passengers who are on the roads or in other places. so, you know, it's a double-edged sword. liz: is there any way that you can make a snowplow that as it goes by doesn't push all the snow to the edge of my driveway so i have a mountain i have to go through? [laughter] >> well, i think you could pay the people in the city to not do that in front of your driveway, but everyone else has to suffer through that. liz: yeah, i know. i know. this is a tough business, though. especially when we have had such light snowfall in the past. how do you anticipate, how do you hedge? you have to buy a lot of metal because that's
american city could be new york city in ruins from the ballistic missile strike. the guy who says this is downright dangerous. gas prices have never been higher. the white house missing a golden opportunity to tap into something that would bring them lower. it is all around us. find out what that is. next. don't go away. [ woman ] if you have the audacity to believe your financial advisor should focus on your long-term goals, not their short-term agenda. [ woman ] if you have the nerve to believe that cookie cutters should be for cookies, not your investment strategy. if you believe in the sheer brilliance of a simple explanation. [ male announcer ] join the nearly 7 million investors who think like you do: face time and think time make a difference. join us. [ male announcer ] at edward jones, it's how we make sense of investing. liz: gas prices this time of year have never been higher, but instead of more drilling, washington stalling. members are faulty. energy research firm saying washington is lowballing the amount of cash and jobs more drilling here would generate. daniel, c
when i go to the store on fifth avenue here in new york city. not everybody lives in new york city. >> you have to buy directly from tiffany. you cannot trust as much anymore. honestly, who buys tiffany's at a cost go anyway? you go there to buy, you know, both purchases for your kitchen he. gerri: has not entirely true. they have breitling, a number of higher-end labels that i was shocked to see that they sold. it is even more confusing of a playing field i think for consumers because if you have bridling, if you have some of these high-in french jewelry retailer's, why wouldn't you have tiffany? it is hard to tell. >> i think the really intelligent consumers can tell, have done the homework. corporation you confining compare prices, compare, you know, looks. the end of the day the consumer is going to figure out into the negative publicity for costco and overtime it erodes the brand. it can really do harm to the company in you will see it. gerri: sure they make these people whole, reimbursed and to some level? >> i think that costco should reimburse them antiphony shared by the c
on the table. defense, just as in a north korean video shows big american city could be new york city in ruins from the ballistic missile strike. the guy who says this is downright dangerous. gas prices have never been higher. the white house missing a golden opportunity to tap into someing that would bring them lower. it is all around us. find out what that liz: gas prices this time of year have never been higher, but instead of more drilling, washington stalling. members are faulty. energy research firm saying washington is lowballing the amount of cash and jobs more drilling here would generate. daniel, can you give us ballpark numbers you're talking about what drilling would add to the u.s. economy in terms of tax revenues and revenues overall? >> you bet. most people are familiar with what is going on in north dakota, down in texas and louisiana and around the country where we are producing private land. government land 96% are basically untouched and what it could mean is in excess of $450 billion per year in gdp growth, and 20 times as much as the government is talking the ministrations
threatens to blow up new york city, now iran saying it is duked up, and iran saying it is duked up, and washington is stepping up dentures are very different to real teeth. they're about 10 times softer and may have surface pores where bacteria can multiply. polident kills 99.99% of odor causing bacteria and helps dissolve stains. that's why i recommend polident. [ male announcer ] cleaner, fresher, brighter every day. charles: halftime in defense cuts kicking in big time. aircraft carrier in persian gulf 2-1, the same day that iran's president said quote, it's a nuclear state. >> angry as propaganda video released showing an attack on new york city, foreign affairs committee ed royce is leading this charge, congressman thank you for joining us. we're used ted toed to belidge m north korea but, really you say we must put an end to it right now. >> we need, to we found something that worked in the past, you recall years ago when we cut north korea counterfeiting our $100 bills we put sanctions on the banks that did business with north korea so they could obtain no hard currency, tha
, thank you. >> first north korea threatens to blow up new york city, now iran saying it is duked up, and take these guys down. and only at officemax stores! stay top of mind with customers? from deals that bring them in with an offer... to social media promotions that turn faninto customers... to events that engage and create buzz... to e-mails that keep loyal customers coming back, our easy-to-use tools will keep you in front of your customers. see what's right for you at constantcontact.com/try. charles: halftime in defense cuts kicking in big time. aircraft carrier in persian gulf 2-1, the same day that iran's president said quote, it's a nuclear state. >> angry as propaganda video released showing an attack on new york city, foreign affairs committee ed royce is leading this charge, congressman thank you for joining us. we're used ted toed to belidge m north korea but, really you say we must put an end to it right now. >> we need, to we found something that worked in the past, you recall years ago when we cut north korea counterfeiting our $100 bills we put sanctions on the bank
acting lessons. okay. still to come, my "2 cents more" on something new new york city mayor bloomberg is doing right. and our oster coverage continues with the most important thing aboutunday. the fashion. we will have a preview of what you can expect when stars like and has a we hit the red carpet. stay with us. with the spark miles card from capital one, bjorn earns unlimited rewas for his small business take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? [ crows ] today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ah
new york city mayor bloomberg is doing right. and our oster coverage continues with the most important thing about sunday. the fashion. we will have a preview of what you can expect when stars like and has a we hit the red carpet. stay with us. today is gonna be an important day for us. you ready? we wanna be our brother's keeper. what's number two we wanna do? bring it up to 90 decatherms. how bout ya, joe? let's go ahead and bring it online. attention on site, attention on site. now starting unit nine. some of the world's cleanest gas turbines are now powering somof america's biggest cities. siemens. answers. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a ll-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal. go like a pro. gerri: forget to take some the awards. what will the biggest stars where? coming up, fas
the hour your fox news minute. former new york city mayor ed koch has died, he brought the city of near bankruptcy in 1970s and all for the 1980s. the outspoken native new yorker became a national figure with his enthusiastic and often combative personality. he died of heart failure in manhattan. mayor koch was 80. in china of the highway collapsed sending 2 dozen vehicles plummeting more than one hundred feet. the official chinese news agency reporting nine people are confirmed dead. in turkey two are dead after an explosion and the u.s. embassy in ankara. homicide bomber expected--believed to be from a marxist extremists groups that explosives at a side entrance checkpoint killing himself, a turkish security guard and injuring a female turkish journalists. military sources tell fox news estate at this time. those are your headlines. connell: we will stay with that topic here and look at you oil market with tension in the middle east and the bombing in turkey outside the u.s. embassy worth $98 for crude oil although i will point out oil has been going that mostly on optimism about glob
Search Results 0 to 49 of about 60 (some duplicates have been removed)